Seres Group Shares Fall After August Vehicle Sales Plunge 40%

Shares of Seres Group (HK:9927) fell sharply on Wednesday after the company's monthly operational data for August revealed a significant drop in vehicle sales, disappointing investors who had hoped for a recovery in demand.

The automaker's stock closed down 4.5% at HK$38.18 following the release.

Disappointing Sales Data

According to the company's report, Seres Group's sales in August 2026 were approximately 27,700 vehicles. This figure represents a 40% decline compared to the same month last year.

The slump in sales stands in stark contrast to the positive growth reported by many other Chinese new energy vehicle (NEV) manufacturers, highlighting the increasing competitive pressures within the world's largest auto market. For the month, Seres produced approximately 26,500 vehicles. Year-to-date, the company's cumulative sales reached about 250,900 units.

Broader Market Headwinds

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The decline in Seres' stock occurred amid a wider market downturn. Hong Kong's Hang Seng Index fell approximately 0.8% on Wednesday, marking its third consecutive day of losses.

Investor sentiment was dampened by several macroeconomic factors, according to an Investing.com report. These include:

• Renewed geopolitical risks in the Middle East pushing oil prices higher.
• Rising U.S. Treasury yields.
• Heightened expectations of a hawkish stance from the U.S. Federal Reserve.

These broader concerns have weighed on investor appetite for growth-oriented stocks, with NEV and technology sectors in Hong Kong being particularly affected.